Deutsche Boerse, LSE unveil merger deal

The London Stock Exchange and Deutsche
Boerse, the two largest European exchange groups have formally
agreed terms to merge, less than a month after the firms
confirmed that they were in talks.

"It is the logical evolution for our
companies in a fundamentally changing industry. As a combined
group we will create a European player that will compete on a
global basis," said Carsten Kengeter, Chief Executive Officer
of Deutsche Börse – who will become CEO of the
newly created firm.